DTCC Acquires Avox Limited
The Depository Trust & Clearing Corporation (DTCC) announced today that it has acquired the outstanding shares of Avox Limited, a reference data business located in the UK. Avox Limited’s primary business is cleansing and maintaining high quality reference information on legal entities and counterparties needed by financial services to support a variety of operational, risk...
Interactive Data’s OTC Derivatives Valuations Service Now Used By Wide Range Of Financial Institutions
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced that its valuations service for complex OTC derivatives and structured products, offered in conjunction with Prism Valuation, is now being used by more than 25 major international financial institutions. A wide range of institutional clients around the globe, including custodians,...
Thomson Reuters is Joining its Enterprise Platform up with its Data Content, Rationalising Reference Data onto DataScope
Following the launch of its Enterprise platform earlier this year, data giant Thomson Reuters is now focusing its energies on joining the platform up with its various data content sets. The vendor is also working on developing its flagship DataScope solution as the overall platform for its various data offerings on both the Thomson and...
Sophis Appoints Al-Chaer to Lead World Class Training Programme
Sophis, a provider of cross asset, front to back portfolio and risk management solutions, today announced that it has appointed Jihad Al-Chaer to head up its Sophis Institute training programme. Sophis Institute will be formally launched in the second half of 2010 and will act as a centre of excellence for training across the Sophis...
New Data Requirements for All as Conference Committee Passes Office of Financial Research Reforms
Following intensive discussions last week by the conference committee designated with the job of hammering out compromises on the US financial reform bill, the proposals for the establishment of the Office of Financial Research have finally been approved. The committee has published the final titles from the conference, which includes details of the data utility...
Half of Asset Manager Respondents to Citi Survey Plan to Outsource Valuation Function, 28% to Outsource Risk Management
Back and middle office functions such as evaluated pricing for illiquid instruments, data management, corporate actions processing and risk management are all on the radar for potential outsourcing by asset managers over the next three years, according to a recent survey by Citi. The survey, which involved 237 asset managers from 29 countries, indicates that...
Interactive Data Expands Capabilities of Interest Rate Swap Valuation Service
Interactive Data Corporation today announced that its Pricing and Reference Data business has broadened the capabilities for its interest rate swap valuation service. This service assists clients by providing information they can use to help efficiently value their portfolios containing these over-the-counter (OTC) derivatives. The service has added coverage of swaps in the following seven...
Misys and Numerix Expand Global Partnership to Bring Further Innovation in Financial Instrument Creation
Misys, a global application software and services company and Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, today announced the expansion of their global partnership and distribution agreement. The two companies have been working closely together as partners since 2001 with more than 50 shared customers as a result. The extended...
Privacy Concerns Raised About Office of Financial Research, But Reforms Likely to Pass Without Significant Amendment
This month’s regulatory debate on the subject of the Office of Financial Research proposals, which are contained in Title I of the current US financial reform bill, included discussion of the potential threat to privacy that the data centre poses to the US market overall. Democrat senator Susan Garrett called the Office of Financial Research...
Bombay Stock Exchange Opts for Swift’s Corporate Action Service, Four Custodians Already on Board
The Bombay Stock Exchange (BSE) has rolled out Swift’s corporate actions service to provide custodians in the Indian and international market with automated data on Indian corporate actions events. Standard Chartered Bank, Deutsche Bank, Citibank and HSBC have thus far signed up for the service, which went live in May, and a number of other...